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Novi MI alimony lawyer“Manimony” is a play on the term alimony that describes the court-ordered amount a divorced woman pays to her ex-husband each month. If a woman makes significantly more money than her husband, she may be subject to paying him alimony post-divorce. According to the 2010 census, 3 percent of alimony recipients were men but that number has risen. 

How Alimony is Determined

There are many factors that will determine if alimony will be awarded, in what amounts, and under what duration. Two key factors are the length of the marriage and the difference between spouses’ incomes. The larger the income differential is and a longer length of your relationship can result in a higher alimony award. 

Other factors include: the past relations and conduct of the spouses, the abilities of the spouses to work, the source and amount of property awarded to the spouses in the property settlement of the divorce, the parties’ ages and health, a spouse’s fault in causing the divorce, and overall fairness.

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Oakland County asset division attorneyThere is nothing more stressful and demanding than a divorce. It overturns almost every part of your life, and no matter your profession, you will feel the effects of the divorce. Those who own a professional practice or their own business have slightly different concerns when it comes to a divorce, specifically when marital assets are being divided. 

All marital property will be subject to division in a Michigan divorce. Marital property is any property that was acquired by either spouse during the marriage, including businesses. 

Property division can be difficult, especially dealing with family businesses or practices. Here are four ways to protect your business during your divorce:

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Oakland County divorce attorney, asset valuation, marital assets, tax consequences, high asset divorceIf you are a member of a high net worth family and accustomed to a certain standard of living, a divorce can post a significant threat to your assets and lifestyle. To protect your best interests, you should understand the unique risks and challenges you may face in a high asset divorce.

Take the Time and Get the Advice to Do It Right

You may want to get your divorce over with as quickly as possible, so you can move on to the next phase of your life. You may not want to devote a lot of time to the process, as you may run a business that requires most of your attention or have a job that requires a lot of time away from home.

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Oakland County Bar Association State Bar of Michigan Collaborative Practice Institute of Michigan WCCDBA Woman Lawyers Association of Michigan
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